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Property profile

209 West 5Th St Waterloo, IA 50701

FOR LEASE
Office buildings
Property ID
US25-0417856
6,037 SF 0.1 ac lot Built 1911
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
209 West 5Th St, Waterloo, IA 50701 For Lease 1 / 2
$10 SF/Yr 3,518 SF available
209 West 5Th St, Waterloo, IA 50701
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value · 2024$199k
Assessed land$27k
Assessed improvement$173k
Effective rate2.46%

Value estimate

· Oct 2026
$240k
$216k – $264k
AI approach$240k
NOI build-up
Gross scheduled income$41k
Vacancy & credit loss−$10k
Operating expenses−$8k
NOI · 230,400.00% cap applied$23k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$68/SF
Submarket average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$34 – $100

Cap rate analysis

How does the asset earn?
230,400.00%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBLACK HAWK

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy9.8
Skin Care Clinic9.1
Locksmith9.0

Location

209 West 5Th St Waterloo, IA 50701
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
501 Sycamore St, Waterloo, IA 50703-4644 $3,750,000 May 2025 No data
210 4th, Waterloo, IA 50703 $2,000,000 Mar 2025 2,000 SF
3927 Airline, Waterloo, IA 50703-9598 $120,000 Feb 2023 740 SF
722 Water, Waterloo, IA 50703-4738 $617,500 Mar 2022 24,457 SF
3165 Airline, Waterloo, IA 50703-9593 $640,000 Jun 2021 19,008 SF
2945 Airport, Waterloo, IA 50703-9627 $380,000 Apr 2020 14,566 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $250,000
    5,780 SF
    1310 Grandview Ave
    OFFICE BUILDING
    1310 Grandview Ave, Waterloo, IA 50703-2242
    View Details
  • Value Estimation
    $450,000
    6,436 SF
    2852 Wcf And N Dr
    OFFICE BUILDING
    2852 Wcf And N Dr, Waterloo, IA 50703
    View Details
  • Value Estimation
    $195,000
    5,040 SF
    319 Broadway St
    OFFICE BUILDING
    319 Broadway St, Waterloo, IA 50703-5803
    View Details
  • Value Estimation
    $270,000
    4,986 SF
    319 4th St
    PROFESSIONAL BUILDING
    319 4th St, Waterloo, IA 50703-4703
    View Details
  • Value Estimation
    $260,000
    4,532 SF
    1402 Logan Ave
    OFFICE BUILDING
    1402 Logan Ave, Waterloo, IA 50703-1947
    View Details
  • Value Estimation
    $310,000
    9,198 SF
    3721 Independence Ave
    OFFICE BUILDING
    3721 Independence Ave, Waterloo, IA 50703
    View Details

Similar in This City for Sale

  • $435,000
    6,000 SF
    6000 SF Office Building
    6000 SF office building with 14 private offices.
    1310 Solar Dr, Waterloo, IA 50701
    View Details
  • New
    $1,200,000
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    State-of-the-art coworking and office layout with dedicated conference space, break areas, and parking for 25 vehicles.
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  • New
    Contact for pricing
    4,072 SF
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    Owner-occupied style office space with over 20 years of existing tenancy, suited for steady day-to-day operations.
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    View Details
  • New
    $145,000
    9,772 SF
    Renovated Church Office Building
    Character-filled office building with private offices, meeting areas, and finished lower-level flex space plus private off-street parking.
    1225 W 4th Street, Waterloo, IA 50702
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  • New
    $135,000
    3,297 SF
    Vacant Retail/Office Building
    Vacant, high-visibility commercial building with a wide-open layout, dedicated parking, and exterior signage opportunities on a major roadway.
    701 W 5th Street, Waterloo, IA 50702
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  • New
    Contact for pricing
    12,493 SF
    Medical Office Space with Flexible Layout
    Existing exam rooms, private offices, and reception space support medical and professional operations.
    945 Tower Park, Waterloo, IA 50701
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Similar in This City for Lease

  • New
    $18 SF/Yr
    3,596 sqft
    Class A Office Suite
    Newly renovated second-floor office suite with private offices, reception area, open workspace, and modern kitchen.
    214 E 4th St, Waterloo, IA 50703
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  • New
    $13 SF/Yr
    7,395 sqft
    Office Suite with Private Offices
    A collaborative workspace combines enclosed offices, meeting space, a kitchen, and ample on-site parking.
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    View Details
  • New
    $8 SF/Yr
    54,000 sqft
    Office Suite with Private Offices
    Third-level 5,069 SF office suite with elevator access, a dedicated conference room, and tenant parking in the KWWL Building.
    511 E 5th St, Waterloo, IA 50703
    View Details
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